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Water firms claim PR24 equity returns will put off investors

Water firms claim PR24 equity returns will put off investors

Water companies have claimed that Ofwat’s current methodology for setting the cost of equity will provide insufficient returns to attract the massively increased investment needed during AMP8. In their PR24 business plans released on Monday (2 October), multiple companies noted that the gap between the cost of equity and debt would be significantly reduced and warned that this would leave little incentive for investors to accept the inherently higher risks of equity investment.

2 years ago

PR24: SES to ‘fall short’ on net zero

2 years ago

Water firms seek £96bn across AMP8

2 years ago

SVT ‘really confident’ Ofwat will approve £13bn spend

Severn Trent has told investors it is confident the "vast majority" of its spending plans for 2025-2030 will be approved, after asking for a doubling in total expenditure compared to the current price control. Meanwhile chief executive Liz Garfield promised growth in regulatory capital value “beyond anything people might have been expecting” for PR24.

2 years ago

Severn Trent first to reveal PR24 plan

In the first signal of how water companies are approaching investment plans for 2025-2030, Severn Trent has indicated it expects totex to more than double compared to the first half of the decade. The company gave a summary of its plans as it announced it is seeking £1 billion equity to fund a programme of river improvements, resilience and service. It has also revealed indicative views on bill rises and key performance commitments.

2 years ago

Social tariff could cut £300 from fuel poor’s energy bills

2 years ago

Scottish Power withheld 1.6GW of offshore wind bids

2 years ago

Water companies urged to ditch ‘impenetrable’ reports

2 years ago

National Grid awards contracts for £2.5bn subsea transmission link

2 years ago

EDF wins funding for smart tariff comparison tool

2 years ago

Octopus invests in offshore wind developer

2 years ago

Ofwat seeks net zero innovations

2 years ago

Yorkshire to store wastewater in new wetland

2 years ago

Tideway boss pockets £1.7m bonus

2 years ago

Helm: Breaking up Thames would be a good start

Economist Dieter Helm has proposed dividing beleaguered Thames into two public limited companies with simplified ownership to improve management and prevent financial engineering. The sector's long-term critic also took Ofwat to task for not taking steps to strip poorly-performing companies of their licences and proposed reverting to the single-company structures of the original privatised companies.

2 years ago

Ministers increase investment in Sizewell C

2 years ago

Cadent launches Warm Homes Network

2 years ago

Pressure mounts on government to scrap price cap

2 years ago

Price cap falls below £2,000

2 years ago

Radical electricity market reforms ‘must be taken off the table’

2 years ago

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